SPECIAL FUNDS
Fund 220: AD 05-21 ORCHARD HILLS This fund accounts for construction activities in the Orchard Hills development, located north of Portola Parkway and south of Santiago Hills between State Route 261 and Jeffrey Road. Bonds were issued in phases, with the first phase issued in May 2006, the second phase issued in March 2014, the third phase issued in April 2016, and the fourth phase issued in December 2018 to fund the construction of public roadway, sanitary sewer, domestic water, reclaimed water and flood control improvements within and adjacent to Portola Parkway, Orchard Hills Loop Road, and interior public streets for the residential neighborhoods. Construction activities are being performed by the developer while City staff is providing the inspection, project review and reimbursement functions.
Fund 223: AD 10-23 LAGUNA ALTURA This fund accounts for construction activities in Planning Area 18, also known as Laguna Altura, and is bounded by State Route 133, south of Interstate 405 and north of Lake Forest Drive. Infrastructure improvements for the district have been completed. Construction was performed by the developer while City staff provided the inspection, project review and reimbursement functions. In FY 2023-24, staff will proceed with closing this fund and use residual construction funds to redeem outstanding bonds.
2021-22 ACTUAL
2022-23
2023-24
2024-25
FUND 223
ESTIMATED
ADOPTED
ADOPTED
BEGINNING FUND BALANCE REVENUES MISCELLANEOUS REVENUES
1,228,543
1,225,041
1,230,204
-
(3,502) (3,502)
5,163 5,163
- -
- -
SUB-TOTAL REVENUE
EXPENDITURES CIP EXPENDITURES CONTRACT SERVICES
- - - -
- - - -
-
- - - - - - -
10,000
DEBT & A.D. ADMINISTRATION
1,220,204 1,230,204
SUB-TOTAL APPROPRIATIONS
FUND BALANCE - RESTRICTED FUND BALANCE - RESTRICTED ENDING FUND BALANCE
122,956
128,118
- - -
1,102,086 1,225,041
1,102,086 1,230,204
FY 2023-25 Adopted Budget
357
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